NCR office leasing drops 60% as new supply constraints impact the market. This report examines the first-quarter contraction and future growth prospects.

Bengaluru office leasing secures 24.8% of national market share in Q1 2026, driven by record GCC demand as corporate absorption hits new heights across India.

Indian office leasing demonstrates robust Q1 growth, with total absorption reaching 18.3 million sq ft across seven major metro areas.

India’s office leasing market surged to an all‑time high of 86.4 million sq ft in 2025, with Bengaluru leading at 28.7 million sq ft, followed by Delhi‑NCR and Mumbai; IT/ITeS and financial sectors drive demand.